You Can Live Debt Free 5 Strategies For Debt Free Living
Do you want to live debt free? In Americas consumer culture, that may seem to be a quaint idea to some. But as we see the number of foreclosures and bankruptcies rising, suddenly people are asking how to live debt free.
There is something wonderful about having no bills other than the ones you accrued that month. This article explores five ways to live debt free.
1. Distinguish between what you need and what you want. You need food, shelter, clothing, and depending on where you live, transportation. You want a video game system, a high end stove, etc. Even within the needs category there are differentations between products. For instance, you need food, but there is a difference between been soup with a little bit of ham for flavoring and a filet mignon. Figure out what the minimum you need to live is and put all other items in the want category. Then, after you have paid for all of your necessities, you can purchase the things you want most.
2. Pay off your debts quickly. When the objective is to live debt free, you have to get out of debt. So, that means accelerating your debt repayment...
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